Internet-only banks typically pay lower interest rates on savings than traditional banks

Indicate whether the statement is true or false


F

Business

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Irwin, Inc issued $41,000,000 of bonds. Assuming the most common denomination of bonds, the number of bonds sold was

a. 41,000,000 b. 410,000. c. 4,100,000. d. 41,000

Business

Referring to Figure 5.1, suppose the Mexican government imposes an import quota equal to 2 tons of steel. If the Mexican government auctions import licenses to the highest foreign bidder, the overall welfare loss of the quota to Mexico equals

a. $200. b. $400. c. $600. d. $800.

Business

The point where joint products or services become separable and identifiable is known as split-off point

Indicate whether the statement is true or false

Business

To increase profitability, top management of a national retailer needs to decide if it will close several stores. Management knows that by closing the locations, it will save the company millions of dollars and benefit many stockholder groups and individuals. The benefits of closing the stores outweigh the benefits of keeping them open. Keeping the stores open would be advantageous for many fewer people than closing the stores. This logic is an example of the ___ approach to deciding ethical dilemmas.

A. individual B. majority C. utilitarian D. justice E. moral-rights

Business